Global Battery Alliance, where ERG is a Founding Member, Launches World’s First Battery Passport Proof of Concept
Eurasian Resources Group to invest USD 230m in building the most powerful wind power plant in Aktobe, Kazakhstan
Eurasian Resources Group upgraded by S&P to ‘B’ on strong performance and reduced debt; outlook is stable
ERG’s Metalkol Wins Three Awards for Galvanising and Mentoring Women in the Democratic Republic of the Congo
ERG’s inaugural Group-wide Youth Forum convenes together young production manufacturers and plant managers from Africa, Brazil, Kazakhstan and Europe
ERG carries out exploration works in Kazakhstan, commences drilling at an additional site in the Aktobe Region
Toutes les entreprises d’ERG au Kazakhstan continuent à fonctionner et la situation est sous contrôle
Eurasian Resources Group signs agreement to complete and operate a stretch of the FIOL railway in Brazil, proceeds to create a new logistics corridor
Sber and Eurasian Resources Group to develop ESG standards for the mining and metals industry
Eurasian Resources Group issues its Action Pledge in support of the United Nation’s International Year for the Elimination of Child Labour
ERG congratulates Good Shepherd International Foundation, winner of Thomson Reuters Foundation’s Stop Slavery Hero Award 2021
C'est avec une grande tristesse que nous annonçons le décès de M. Alijan Ibragimov qui a survenu le 3 février 2021. Il était âgé de 67 ans. M. Ibragimov était l'un des fondateurs de ERG et membre de son conseil d'administration.
ERG’s Kazakhstan Aluminium Smelter increases aluminium production on soaring domestic and European demand
Eurasian Resources Group’s Metalkol RTR Commits to Responsible Minerals Assurance Process
Mr Alijan Ibragimov, shareholder of ERG, was awarded for his contribution to the fight against COVID-19
Eurasian Resources Group (ERG) allocates $US 5 million to help residents of Turkestan region in Kazakhstan
COVID-19 : Les cadres supérieurs d'Eurasian Resources Group ont proposé une diminution temporaire de 30 % de leurs salaires
Eurasian Resources Group implements global preventive measures to ensure the smooth running of operations and the safety of its people amidst the COVID-19 virus outbreak; takes appropriate action and plans for the future
Davos, 2020: Eurasian Resources Group among 42 world-leading organisations to agree 10 key principles to foster a sustainable battery value chain, part of the Global Battery Alliance’s 2030 vision
Eurasian Resources Group joins innovative organisations to support the NewSpace Europe 2019 in Luxembourg
Eurasian Resources Group becomes a Platinum partner of flagship Mining Space Summit in Luxembourg
Le premier Festival du Cinéma du Kazakhstan en France est soutenue par Eurasian Resources Group
ERG became the first industrial company in Kazakhstan to support the international Green Office Project
Eurasian Resources Group presents the results of its Student Entrepreneurship Ecosystem programme
Eurasian Resources Group acts as a general sponsor of the World Team Chess Championship in Kazakhstan
Eurasian Resources Group secures electricity supply for its copper operation at Frontier Mine in the DRC
ERG’s Metalkol signs a ten-year agreement to secure electricity supply to its cobalt and copper operations in the DRC
Eurasian Resources Group upgraded to ‘B’ by S&P following stronger results; outlook positive
Eurasian Resources Group acquiert une participation de contrôle dans JSC 3-Energoortalyk, propriétaire d’une centrale thermique au Kazakhstan
Eurasian Resources Group augmente sa production d'aluminium de 7,8% pour atteindre 254 kt en 2017
Eurasian Resources Group lance une « Smart Mine » pour son complexe de production de minerai de fer au Kazakhstan
Eurasian Resources Group publie ses indicateurs clés de durabilité pour 2016, mettant en évidence 56 millions de dollars d'investissements sociaux dans les communautés et 440 millions de dollars d'économies
Eurasian Resources Group améliore les conditions de financement des approvisionnements en minerai de fer fournis par la Banque eurasienne de développement
Construction d’installations de traitement des scories dans l’usine de ferro-alliages d’Aksu
Eurasian Resources Group est le Diamond Partner du Pavillon National du Grand-Duché de Luxembourg à l’EXPO 2017 à Astana
Eurasian Resources Group améliore la performance de sa mine de Frontier en République démocratique du Congo pour produire plus de 107 kt de cuivre en 2016
Des représentants des quatre coins du globe ont discuté des défis futurs de l'industrie du chrome et ont visité la nouvelle usine de ferroalliages d'ERG à Aktobe dans le cadre de la conférence de la réunion des membres de l'ICDA au Kazakhstan
Eurasian Resources Group applique un système de gestion novateur pour le transport de fret ferroviaire entre la Russie et le Kazakhstan
Eurasian Resources Group am?liore les performances de sa fonderie d'aluminium ?Kazakhstan Aluminium Smelter? pour produire plus de 235 000 tonnes d'aluminium primaire en 2016
ERG pr?sent ? la grand-messe de l'industrie mini?re au Br?sil pour d?finir le d?veloppement futur de BAMIN et discuter des principales tendances technologiques
Eurasian Resources Group finalise une transaction en vue de l?acquisition de la totalit? des actions d?Africo Resources Limited
ERG envisage de nouveaux investissements au Kazakhstan et contribue au dialogue relatif ? l?int?gration eurasienne lors du Forum ?conomique d?Astana
Eurasian Resources Group aide ? renforcer les liens entre l?Europe et la Chine par le biais de la mission ?conomique luxembourgeoise
Eurasian Resources Group prend part ? la r?union avec le Premier Ministre chinois et d?voile des projets et initiatives conjointes dans les m?taux et l'exploitation mini?re et les infrastructures.
Eurasian Resources Group present a l'evenement Mining Indaba : L'Afrique au coeur de la croissance future ?
Reuters from Davos: Commodities in 'perfect storm' says ERG, as crisis starts super cycle
S&P (Platts): Metals industry needs regulation or framework to make 'green' sales viable: miners
SPIEF official magazine. Alexander Machkevitch: “Digital progress, clean energy, and ethical growth will facilitate the transition to the economy of the future”
Global Mining Review: Q&A from ERG on the role of mining in shaping the global economy post-pandemic
S&P Global FEATURE: Vertical integration, digitization needed for EV battery supply train traceability
Edie - UK businesses betting on the future of e-mobility should think about batteries today
Merkur (Luxembourg) - Covid-19: Eurasian Resources Group’s Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
CNBC Africa - Eurasian Resources CEO reveals the biggest purchase order for the mining industry & how Africa stands to benefit
CNBC Africa - Eurasian Resources CEO: Why we are excited about Africa’s investment potential
International Mining - ERG says miners need to commit to greenfield copper projects to avoid looming shortages
Metal Bulletin - INTERVIEW: Cobalt market needs representative pricing for intermediates - Southgate
Reuters - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 12 December 2017
Mining Weekly - Electric vehicle revolution a rare investment opportunity as metals demand spikes
Coal International - Eurasian Resources Group’s Shubarkol Komir increases coal output by a third in the first nine months of 2017
S&P Global Platts - Eurasian Resources Group sees iron ore prices at $55-$65/dmt for one year
Sustainable Brands - Global Battery Alliance Aims to Eliminate Human, Environmental Toll of Global Battery Supply Chain
International Mining - ERG starts new chrome mine in Kazakhstan and hikes Frontier’s DRC copper output
Mining Review Africa - Eurasian Resources Group improves performance at its Frontier mine
Eurasian Resources Groups s'engage contre le travail des enfants dans les mines en Afrique (retranscription de l'interview de M. Sobotka pour la CNBC à Davos)
Eurasian Resources Group: Metals Roundup
Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world’s leading diversified natural resources groups, gives his review of the year 2017 and predicts what will be the industry’s stand out performers for the coming year.
2017 has been a break-out year for the commodities market. Many major industrial commodities posted multi-year highs and showed strong gains of 15-25%. We have seen global growth pick up pace and learned that China is able to maintain a stable economy, balancing reforms and growth; generally surprising sceptics with stronger than expected demand and overall performance. We feel a renewed sense of confidence and optimism about the future of the sector, and believe in a continued commodities bull market.
The role of China
One of the most important developments over this year has been a dramatic shift in China’s commitment to protect the environment, which has transformed the steel, iron ore and aluminium industries. Environmental closures and supply side reform have triggered extraordinary iron ore rallies, and a substantial increase in the aluminium price. Nevertheless, the exact implications of the reforms and the number of potential production restarts next year, are both still uncertain. As both iron ore and aluminium markets adjust to the new environment, prices next year are likely to be volatile.
Rising interest in the EV sector drives growth in copper and cobalt
Another noteworthy takeaway from 2017 is the growing interest in the electric vehicle sector and its potential to be a significant driver of metals demand. EVs look set to continue growing in popularity certainly which is great news to drive the demand of commodities essential to their production, particularly cobalt and copper.
Copper prices have remained firmly above USD 6,500/t in recent months. This is a clear indication that copper has settled into its new trading range, despite initial concerns of prices running ahead of fundamentals. Looking into 2018, although we expect a natural slowdown in China’s copper demand, we still foresee healthy growth in the region of 3% YoY. What’s more, China’s new regulations surrounding imports of copper scrap may significantly reduce secondary feed availability, serving as a major upside risk to demand and prices.
On the supply side, we anticipate underperformance from copper mines as potential labour disruptions continue to loom and as mine operators bear the burden of years of underinvestment. Longer term, we maintain our view that copper offers some of the best fundamentals across the commodities spectrum. If the mood at the recent LME Week London and Asia Copper Week gatherings is anything to go by, the rest of the industry shares our sentiment. Our view remains unchanged that copper supply growth will slow sharply over the next decade.
Perhaps the biggest standard success of 2017 has been the cobalt market, with prices up more than 100% across all benchmarks. Prices will continue their upward trend next year despite more supply coming online; the cobalt boom will not go away. 2018 will be the tipping-point for electric vehicles when many of the new EV model announcements made over the past 12 months by major producers will start coming into production. We count more than 200 new models in the pipeline for the 2018 to 2020 period. At ERG we are facilitating the electric vehicle revolution by supplying the battery industry with high-quality, ethical cobalt. Our world-class Roan Tailings Reclamation (RTR) Project will come on stream end of 2018, helping to support the automotive industry in their quest for a greener planet.
We feel that 2018 will be even more exciting than 2017. Electric vehicle legislation is moving from carrot to stick, with governments beginning to enforce bans on production and/or sales of traditional internal combustion engine vehicles over the next two decades. Everything is falling in place to make cobalt possibly the best long-term performer in metal history.